Torrent Power is trading at RS. 1282.35, up by 3.15 points or 0.25% from its previous close of RS. 1279.20 on the BSE.
The stock opened at RS. 1290.00 and recorded a high of RS. 1290.05 and a low of RS. 1272.20. A total of 7788 shares have been traded so far.
This BSE group 'A' stock with a face value of RS. 10 has touched a 52-week high of RS. 2037.35 on October 22, 2024, and a 52-week low of RS. 1207.20 on February 17, 2025. Over the past week, the scrip’s high and low stood at RS. 1296.30 and RS. 1259.30, respectively. The company’s current market capitalization is RS. 64353.52 crore.
Promoters hold 51.09% of the company’s shares, while institutions and non-institutions hold 39.57% and 9.34% respectively.
Torrent Power has acquired stakes in Newzone India (NZIPL) and its holding company Newzone Power Projects (NZPPPL) for about RS. 211 crore. The company purchased 11,95,110 equity shares of NZIPL and 30,00,000 equity shares of NZPPPL, each with a face value of RS. 10. With this acquisition, Torrent Power now holds 100% equity of NZPPPL and 49% of NZIPL.
The acquisition aims to implement a thermal power project on land owned by NZIPL in Annupur District, Madhya Pradesh.
Torrent Power is an integrated utility engaged in power generation, transmission, and distribution across Gujarat, Maharashtra, and Uttar Pradesh.